Income from Operations Is Arrived After Considering All Except

question 57

Multiple Choice

Income from operations is arrived after considering all except

• A) administrative salaries.
• B) interest income.
• C) the cost of sales.
• D) sales returns and allowances.

Recognize the mechanisms of price and nonprice rationing in allocating scarce resources.

Identify the implications of tariffs and international trade policies on domestic markets.

Analyze the impact of government interventions in markets including taxation and tariffs.

Compare and contrast different types of rationing mechanisms beyond price such as queuing and ration coupons.